3023 Obama, Los Angeles, California 90018, Los Angeles, 90018 - 0 bed, 0 bath
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Los Angeles, California 90018
This Residential Income Duplex is a strategic Value-Add Asset with a List Price of $900,000, compared to a $765,656 Fair Market Value. Situated on an Expansive 7,493 sq ft Lot, the property offers a 2BR/1BA unit and a 3BR/1BA unit with significant potential for ADU development. The Condition Rating of 5 highlights the need for comprehensive rehabilitation, providing a clear opportunity for investors to stabilize the asset and maximize ROI in a high-demand rental corridor. This acquisition is ideally suited for Buy-and-Hold Investors or Contractors seeking a project with substantial long-term upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3023 Obama Subject | $900,000* List Price | 0 | 0 | 1,709 | $448 | - |
A 3553 Cimarron Street Sold | $951,000 | 0 | 0 | 2,068 | $460 | 0.8 mi |
B 3705 4th Avenue Sold | $710,000 | 0 | 0 | 1,176 | $604 | 0.5 mi |
C 3443 3445 9th Avenue Active | $729,000 List Price | 0 | 0 | 1,825 | $399 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1944, this duplex shows significant signs of deferred maintenance and neglect. The exterior stucco is cracked and discolored, the landscaping is overgrown with weeds, and the yards are cluttered with debris and scrap. The complete absence of interior photos typically indicates that the living spaces require substantial rehabilitation and modernization to be competitive or meet current safety standards.
The property features two distinct units (2BR/1BA and 3BR/1BA), offering excellent flexibility for owner-occupants to house-hack or for investors to maximize rental yield.
Situated on a generous 7,493 sq ft lot, this property provides significant outdoor space and substantial potential for future value-add improvements or ADU development.
Located in a high-demand Los Angeles area with easy access to major freeways and public transit, ensuring long-term desirability and convenience for tenants.
Built in 1944, the property may require capital expenditures for updates to major systems or cosmetic renovations to meet modern standards.
With a combined 1,709 sq ft for two units, the individual living spaces are relatively small, which may limit appeal for larger families or high-end rental tiers.
Duplex Opportunity on a Generous Lot Income-producing duplex situated on an approximately 7,493 sq ft lot with a combined 1,709 sq ft of living space. The property features two separate units: one 2-bedroom, 1-bath and one 3-bedroom, 1-bath, offering flexibility for owner-occupants or investors. Each unit provides functional layouts with solid rental potential. The large lot allows for outdoor space or possible future improvements (buyer to verify). Conveniently located with access to major freeways, public transportation, and key Los Angeles destinations, this property presents a practical opportunity to add value over time.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,709 | 2,508 | 25% |
| Lot Size | 7,493 | 6,363 | 81% |
| Price | $900.0K | $925.5K | 50% |
| Price per sq ft | $527 | $425 | 75% |
| Built year | 1944 | 1924 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 220 | 6% |
Mar 19, 2026
$900,000
Initial Listing
Feb 17, 2015
$419,000
Public Record